Published , by Donovan Erskine
Published , by Donovan Erskine
Today, GameStop (GME) shared its preliminary earnings results to inform investors about its latest financial period. In addition to the report, GameStop also announced its plans to sell up to 45 million shares of its stock.
GameStop released a press release to announce its sales agreement this afternoon, which it will conduct through Jeffries LLC.
It’s worth noting that GameStop (GME) stock has seen increased activity this week following the social media return of Keith “TheRoaringKitty” Gill. This week, the stock was valued as high as $64.83 per-share following a series of social media posts by Gill.
GameStop’s stock sale announcement comes alongside its preliminary earnings results. For more financial news out of GameStop, Shacknews is the place to be.